Rolyal Bank of Scotland

Royal Bank of ScotlandCEO Stephen Hester’s decision on January 29 to forgo a £1 million bonus following intense political pressure only offers short-term relief for the bank. Hester waived his bonus after the opposition party in the UK, the Labour Party, tabled a House of Commons vote on the subject, but the coalition government itself also urged Hester to decline his payment. On January 29 the Work and Pensions Secretary Iain Duncan Smith said, “nobody would be happier than the government” If Hester turned down the bonus. The government, led by David Cameron, is leading an austerity drive which has cut public sector pay and which is also seeking to curb board-level remuneration. The state-owned institution is set to reveal the size of its investment banking bonus pool, as well as details of other pay awards to senior executives, all of which is sure to generate fresh controversy and to make RBS a less attractive place to work. The government meanwhile is bowing to public anger about well-paid bankers and on January 31 2012 stripped disgraced former RBS chief executive Fred Goodwin of his knighthood (Institutional Investor, 2012.)

Hester’s forgone bonus, consisting of shares that would have matured in late 2014, was only 60 percent of his full entitlement. According to the RBS board Hester’s pay is strongly geared to the recovery of RBS, which he was recruited to turn around, having played no part in its collapse. Mr. Hester’s £1.2 million annual salary may seem outrageous but his pay would still be quite modest when set against the sums he was being paid in his previous job as boss of a large property company, or against those earned by bosses of other large British firms-who earned an average of £3.9 m last year. The sum also looks modest when compared with the earnings of chief executives of other large banks. The head of Deutsche Bank, Germany’s biggest, was paid almost €9m (£7.7m) in 2010, according to the latest figures. JPMorgan, America’s biggest bank...

You May Also Find These Documents Helpful

...Royal Bank of Scotland (RBS)
Name:
Presented for the award of M.A
International Business Management
I hereby declare that this dissertation is all my own work, except text:
Signature: _____________________
Date : ____ / ____ / _____
Abstract
These papers discuss about one of the world’s largest banks Royal Bank of Scotland (RBS) Group. The discussion highlights the main strategies of Royal Bank of Scotland (RBS) group all over the world and also the analysis of these strategies whether these were successful or not. What was the effect of Royal Bank of Scotland’s strategies on their business and on upcoming years. This overall study also covers the Michael Porter Theory to make its business strategy analysis.
Table of Contents
Reasons of this study: 5
1. Introduction: 6
1.1 History: 6
1.2 Strategies: 6
2. Bank of China: 7
2.1 Acquisition: 7
2.2 General Analysis: 8
2.3 Porter’s Theory analysis: 8
3. ABN AMRO: 9
3.1. Acquisition: 9
3.2. General Analysis: 9
3.3. Porter’s theory analysis: 10
4. Minimizing the assets: 10
4.1. Insurance line: 10
4.2. General Analysis: 10...

...THE ROYAL BANK OF SCOTLAND
Founded in 1727 and headquartered in Edinburgh, the Royal Bank of Scotland, with a market value of 9.2 billion GBP is one of the world's leading financial services groups, owning Direct Line Insurance, Coutts bank, The Ulster bank and Citizens Financial Groups.
MANAGING OPERATIONS:-
To maintain its status and improve ranking, RBS continually drives itself to enhance material management within the company and to extract greater value out of its human resources.
RBS works in a highly volatile and customer oriented soft system. Its manufacturing division is its primary means of transformation of resources into output. The Manufacturing Division of RBS dealing with routine banking functions like opening accounts, clearing cheques, and other paper works and is the engine room of the company, providing technology and high volume processing to the customer facing divisions. Due to the mechanistic nature of the production process and predictable output in high quantities, Manufacturing yields the best results with consummate employees possessing a limited set of skills. In case of managing office consumables the Pareto Analysis is used to prioritize and to minimize cost.
The Wealth Management Division is one of the seven customer facing divisions of RBS and offers specialized banking, investment options, securities brokerage, financial advisory services to...

...Case Study: The Royal Bank of Scotland Group
Executive Summary
Today, The Royal Bank of Scotland (RBS) is one of the biggest banking institutions with its capabilities to provide world-class services whilst maintaining its reputation as a top financial services provider in the banking industry. Its leadership in this market is remarkable, and so are the ways the bank’s governing body has been able to manage the complexities, challenges and changes that come with the industry.
Understanding that the Royal Bank of Scotland (RBS) has recently undertaken a series of changes, this report provides an outlook of the approaches RBS has taken to manage those changes. This report also includes the assessment of the success that RBS has experienced with the implementation of those changes. The implication of this approach and changes made on the part of RBS are also provided.
A. RBS has undertaken a series of changes in recent years. Describe the approach they have taken to manage change and evaluate the success of these changes. Why has RBS developed such an approach?
The Royal Bank of Scotland (RBS) has been a leader in the provision of financial tools and services in Europe since 1727. RBS has established itself as a pioneer of sustainable business restructuring and decision-making, which has helped it to maintain a competitive advantage in the industry....

...﻿
Contents
Introduction
With a population of around 5.2 million people Scotland is part of the United Kingdom and occupies the northern third of Great Britain. Scotland’s mainland shares a border with England to the south. Tourism is one of Scotland’s most gainful assets, focusing on such attractions as golf, walking and a its rich history.
Historical Scottish Figures
Charles Edward Stuart
Charles Edward Stuart also known as ‘Bonnie Prince Charlie’ was born in 1720. He was the grandson of King James VII of Scotland and II of England. Many Highland clans supported him - others opposed him, siding with the Hanoverian monarch. Most Lowland Scots and English people were against him and he gained little support from English Jacobites. He died in 1788.
Mary Queen of Scots
One of the most stable figures in Scottish history, Mary Queen of Scots was born in Linlithgow Palace in 1542 but brought up in France as a Catholic. She returned to Scotland on the death of her first husband King Francis II of France to reign in what would become a turbulent period in Scottish history. After two marriages which were political disasters and the appointment of an Italian First Minister, she fled to England where she was imprisoned by her cousin Elizabeth I. Mary was executed at Fotheringay Castle in 1587.
William Wallace
Born in Elderslie 1270, near Paisley, William Wallace would become the leader of the Scots' resistance against...

...However, if staying with my parents is safe and they’re protective, why would I take a risk of running away from them in a dangerous place? I must be stupid right? Just like me, Scotland is acting a little crazy right now. They thinks that they had better separate from the United Kingdom because they are rich and strong enough to build up their new home. Yes,
Scotland have so many rich resources such as oils and gases. But do they have enough reasons to say that they are capable of standing alone by themselves? Probably not. Whether Scotland should leave or still remain as part of the United Kingdom, it depends on the issues within.
A Scottish king – James VI – inherited the English throne in 1603 and became king of the whole of Great Britain (Scotland, England and Wales) as well as Ireland. Their parliaments decided to unite politically a century later to form a single united country. (Law and Financial Markets Review 240). Scotland is a country and not ruled by England. They are partners in the United Kingdom. They have centuries of shared history, a common culture and have thoroughly interbred with each other. Scotland’s industry played a large role in the British Empire, and even since the empire’s decline they have enjoyed considerable clout as part of the U.K. In September 2014, the people of Scotland will be voting on whether they should become an independent country or still...

...CUSTOMER SATISFACTION SURVEY AT THE ROYAL BANK OF SCOTLAND |
ACKNOWLEDGEMENT
We express our sincere gratitude to our industry guide Ms.Shalini Menon, Vice-President Business Banking, The Royal Bank of Scotland for her able guidance, continuous support and cooperation throughout our project, without which the present work would not have been possible.
We would also like to thank the entire team of RBS business banking, for the constant support and help in the successful completion of my project.
Also, we are thankful to our faculty guide Mr. Swarnpreet Singh of our institute, for his continued guidance and invaluable encouragement.
TABLE OF CONTENTS
Introduction
* Objective
Literature Review
* Industry Profile
* Indian Banking Industry
* Current Scenario
* Major players
* SWOT Analysis Of Banks
Company Profile: RBS
* Introduction
* Expansion
* RBS Business in INDIA
* Business of RBS
* SWOT
Survey Analysis
INTRODUCTION
OBJECTIVE:
In our project we have studied the customer need and preferences of different banking products and services with respect to RBS. The duration of the project is November 2010 - January 2011.The project was conducted at RBS branch located at Barakhamba road in its business banking vertical. Primary data collection was done by calling business banking customers taking feedback...

...goal of external competitiveness implies the pursuit of industrialization in accordance with the dynamic comparative advantage of the economy. Given Bangladesh’s resource endowment, the principle of dynamic comparative advantage means production of labor intensive manufactures with skill up-gradation & productivity growth as its cutting edge. This however, does not preclude the possibility of Bangladesh having a niche high tech industrial sub sector that may be externally competitive.
In order to further strengthen the country’s industrial process, the govt. has identified SME’s as a priority sector & as the driving force for industrialization. With a view to providing entrepreneurs with assistance and finance in the establishment of SME’s, bank play an active role.
Global Warming & Its Mitigation Measures
Global warming
→ Global warming refers to the increased temperatures of earth’s surface, including land, water & near surface of air.
→ It is the rise of the average temperature of earth’s atmosphere & oceans since the late 19th century 7 its projected continuation.
→ Since the early 20th century the Earth’s mean surface temperature has increased by 0.8®C, with two thirds of the increase occurring since 1980.
→ It is primarily caused by increasing concentrations of greenhouse gases produced by human activities such as the burning of fossil fuels & deforestation.
Mitigation measures of Global Warming
→ Reducing greenhouse gas emissions is perhaps...

...﻿Introduction
What is bank?
Finance is the lifeblood of trade, commerce and industry. Now days, banking sector acts as the backbone of modern business. Development any country mainly depends upon the banking system.
MODERN BANKING: -
The banking, which was known in various forms and guises in
The ancient civilization in various parts of the world did not
Coincide with the emergence of the modern Banks. The
Banking which had its roots in the flourished culture and had
Lost its required effectiveness regained the strength with the
Development the modern banking.
BANKING ORGANIZATION IN PAKISTAN: -
Pakistan’s financial sector consists of Scheduled Commercial
Banks, which include nationalized, foreign, and private banks;
And Non-banking Financial Institutions (NBFIs), which include
Development Finance Institutions (DFIs), Investment Bank
Leasing companies, maharajas, and housing finance companies.
HISTORY
History of banking sector in Pakistan: -
Prior to partition in 1947, branches of British banks dominated banking in Pakistan. The state Bank of Pakistan, the central bank, was formed after partition in 1948. It assumed the supervisory and monetary policy powers of the state Bank of India. In the period of 60s to 70s the...